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banned from Kos

(4,017 posts)

27. Have you ever read an MBS prospectus? I have.

Reply to WillyT (Reply #26)

Wed Jan 23, 2013, 11:35 PM

Jan 2013

It says this (except with pages of detail).

You could lose your entire investment if -

the mortgage market sours
our assumptions are wrong
we fail to deliver
credit conditions change
interest rates skyrocket
UE goes to 15%
so on and so on for pages

Point is when you sign off on that - you forfiet on everything.

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38 replies

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Highlight:

Morgan Stanley Bankers Sold Off 'Shitbag' CDOs With 'Nuclear' Capabilities To Clients: Emails [View all] WillyT Jan 2013 OP

Don't forget the corruption at the ratings agencies as well. Vinnie From Indy Jan 2013 #1

More Here: WillyT Jan 2013 #3

Unbelieveable. MannyGoldstein Jan 2013 #9

Yep... WillyT Jan 2013 #15

I'm guessing at least one of them isn't on Kos. MannyGoldstein Jan 2013 #19

I Have NO Idea What You Are Suggesting... WillyT Jan 2013 #20

Well, since you ASK..... banned from Kos Jan 2013 #24

So... Are We Just Naive To Think There's Some Justice Here ??? WillyT Jan 2013 #26

Have you ever read an MBS prospectus? I have. banned from Kos Jan 2013 #27

what law do you think they broke? bigapple1963 Jan 2013 #29

Another extremely gating factor in the whole mess, without RA changing risk models there would be no uponit7771 Jan 2013 #37

Maybe this makes me a radical, but I don't believe in caveat emptor. reformist2 Jan 2013 #2

Thanks All !!! - This Is Damned Important !!! WillyT Jan 2013 #4

Everytime a story like this appears CountAllVotes Jan 2013 #5

Fuck this "too big to prosecute" bullshit. We need to go after these fuckers now. Initech Jan 2013 #6

Amen Initech... A-Fucking-Men !!! WillyT Jan 2013 #7

All they want is one thing CountAllVotes Jan 2013 #8

Preach It CountAllVotes... Preach It !!! WillyT Jan 2013 #10

Yup it's the only true form of legalized gambling we have. Initech Jan 2013 #11

K & R malaise Jan 2013 #12

That used to be called 'Fraud.' Octafish Jan 2013 #13

only bigapple1963 Jan 2013 #21

K&R Fire Walk With Me Jan 2013 #14

K&R Melinda Jan 2013 #16

Damn pity that the Fourth Estate is essentially dead. . .n/t annabanana Jan 2013 #17

"Too big to fail" really means that everybody's "Two Big" hands are in the till. libdem4life Jan 2013 #18

k/r marmar Jan 2013 #22

Remember When We Were... The Underground ??? WillyT Jan 2013 #23

Why aren't these bastards in jail? Whovian Jan 2013 #25

what bigapple1963 Jan 2013 #28

I'm not a lawyer. Whovian Jan 2013 #30

what's so evil? bigapple1963 Jan 2013 #31

LOL! What a load of hooey! Vinnie From Indy Jan 2013 #36

fraud bigapple1963 Jan 2013 #38

K&R, justice is required here instead of praying to a fake god on MLK's bible just1voice Jan 2013 #32

Kick! smokey nj Jan 2013 #33

Last Kick From Me... WillyT Jan 2013 #34

Kick woo me with science Jan 2013 #35